EFCC uncovers over $300,000 in fraudster’s account

The Economic and Financial Crimes Commission (EFCC) has uncovered a money laundering trail exceeding $300,000, linked to a suspected internet fraudster arrested during a recent sting operation.

The suspect was one of 35 individuals apprehended on Sunday, May 4, 2025, in the Sabo Iyako area of Auchi, Edo State, following credible intelligence pointing to their involvement in various forms of online fraud.

Described in internet fraud circles as a “picker” or “azaman,” the suspect is alleged to have served as a conduit for laundering illicit proceeds on behalf of syndicate members who are currently on the run.

EFCC investigators revealed that “the suspect has collected and laundered over $300,000 for his syndicate members who are at large.”

Further investigations by the commission also indicate the suspect’s involvement in investment scams and banking-related fraud, suggesting a wider scope of criminal enterprise beyond typical online schemes.

In a statement, EFCC spokesperson Dele Oyewale confirmed that legal proceedings will commence once investigative processes are concluded.

“He will be charged in court as soon as the investigation is concluded,” Oyewale said.

The EFCC has reiterated its commitment to intensifying its crackdown on internet-based financial crimes, particularly in hotspots such as Auchi, where cyberfraud syndicates continue to thrive.